IBA-VIAC CDRC VIENNA 2018

The next IBA-VIAC CDRC Vienna will take place from 16-20 July 2018. Sign up to the CDRC newsletter to stay posted for updates or visit the CDRC website! Student Team Application for CDRC 2018 starts on 1 December!

*) This cost calculator is only a working tool for parties and interested persons in order to gain an overview of the expected procedural costs for a VIAC arbitration with a particular amount in dispute. It does not replace the determination of procedural costs by the Secretary General in accordance with Article 44 paragraph 2 Vienna Rules. In particular, no legal claim for a specific arbitrator’s fee will arise herefrom.

The Secretary General may increase the arbitrators’ fees by a maximum total of 40 percent vis-à-vis the schedule of fees (Annex 3), in particular for especially complex cases or for especially efficient conduct of proceedings (maximum amount); conversely, the Secretary General may decrease the arbitrators’ fees by a maximum total of 40 percent, in particular for inefficient conduct of proceedings (cf. Article 44 paragraph 7 Vienna Rules).

In its calculation of the advance on costs in accordance with Article 42 Vienna Rules, the Secretariat considers not only the administrative fees and the arbitrators' fees which are reflected in this cost calculator. It considers also any applicable value-added tax on arbitrators’ fees, expenses for oral hearings as well as other expenses (cf. Article 44 paragraph 1.1 Vienna Rules) which are estimated and included in the advance on costs. The advance on costs may thus be higher than the amount calculated by this cost calculator.

Any remaining deposit will be refunded to the parties after termination of the proceedings.